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...Industries disclosed last week that it will sell its U.S. retailing operations, which include Saks Fifth Avenue (total stores: 46), Marshall Field's (24), Breuners (17) and Ivey's (23). B.A.T is reluctantly shedding the chains as part of a defensive strategy to fend off a takeover bid by Sir James Goldsmith...
Soviet and foreign analysts disagree on whether ethnic turmoil or economic failure is the greater threat to Gorbachev. There is no doubt, though, that the peril is real. "Even after this week," observed former British Ambassador to Washington Sir Oliver Wright, "the odds are against him." A Soviet political scientist in Moscow, Yevgeni Ambartsumov, is equally grim. "The threat of economic collapse exists," he says. "Things are getting worse...
...believe that an invasion would have succeeded. "There is an excellent chance that the Germans would have prevailed," says Russell Weigley, Distinguished University Professor at Temple and author of Eisenhower's Lieutenants. "If Hitler had invaded, there is no doubt he would have wiped the floor with us," says Sir Michael Howard, Regius Professor of Modern History at Oxford and author of The Causes of Wars. "He would have overrun the country...
...book ends with a passage from Hoffman's writing. "No, sir, Flower Power ain't dead at all, brother, all we gotta do is get our shit together...and grow some thorns...Power to the People! Power to the Woodstock Nation...
Goldsmith maintains that B.A.T shareholders would be better off if the company were to refocus on the high-profit tobacco business, which is experiencing new growth in Asia and other overseas markets. A veteran conglomerate-buster who served as the model for the swashbuckling Sir Larry Wildman in the 1987 film Wall Street, the 6-ft. 4-in. Goldsmith may have made his point all too well. Now that he has put B.A.T on the block, other raiders may try to top his offer. Or B.A.T may attempt to boost its stock price beyond his reach by launching a restructuring...